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In San Francisco it seems as though most people are multi millionaires. I know young couples in tech making $400,000 each. Imagine being a 23 year old couple making close to $1 million per year. $300,000 is considered middle class and houses are $2 million dollars.
I just talked to 3 buddies about finances who I would consider are doing better than me or at least on par with me. Then they started talking about their credit card balances that they were working on paying down. Realized I was the only one who could afford paying off credit cards every month and was still saving every month. Same mentality that helped my parents have a couple million to retire with.
I regret not talking about finances with my friends who are all retired and have little or no money. Share your goals of no debt and having an emergency fund, etc.
Congrats bro ,Now a days it’s almost impossible to get into a house . Or atleast a mortgage that makes sense the house you got for 250k is 750 in my area 😂 . I have 2 full times and a side business it’s still almost impossible to achieve .
Same here. Years ago I was jealous for people with a brand new car every couple years. Now I feel sorry for them. Never mind how much they make,but wasting money on stuff like cars shows how silly they are. Especially when some of them have to work extra hours to cover the cost of it.
My neighbor always changes his cars every two years. He leases Corvettes, Porsches, Teslas, Audis et. He writes them off and owns several care homes. It is not a waste of money as he is just enjoying his passion for cars. He can easily afford to have an expensive hobby.
@@mocheen4837 good for him, he sounds very financially blessed. Some will still consider that a waste of money, though, as that money could be used for something “better”, but that’s all subjective.
1. You NEVER know how much debt someone is in. 2. You NEVER know how much money they're getting from family members. 3. You NEVER see the bad things about someone's life. They only show you the great stuff for mutual celebration or just plain bragging. 4. Try to only spend your money on the REQUIRED things and the things you LOVE. All the other stuff is a waste of money. 5. Money talks, wealth whispers. 6. You can never know if that person HAS money or is simply BLOWING money.
Yes, I agree with all those points. In my culture (South Asian), I've seen instances of people who just gloat about "I earn this much" or "I bought xyz" just to show off, its sad. They want to copy other people. I didn't say anything but merely an observation.
Spending money lavishly on non-appreciating assets, such as clothing, beauty supplies, and cars, doesn’t make you rich. Making your money work for you does.
I am so glad that you mentionned # 5- "You are being stingy." As someone who saved and saved to have some money in retirement, I now find that I am afraid to spend that money or lost the ability to spend money on myself. I would love to see you do a video on this fear of spending which is probalby more common than we realize. It is called Chrometophobia. How do we overcome that fear of spending? Does anyone have the answer? Beware, you and many others may be on the road to this phobia too.
You have to find the balance. I pay myself a large percentage of my income first and then I have fun with what’s left over. Tomorrow isn’t guaranteed so you have to find time for leisure and experiences. You also have to remember that it doesn’t matter how much money you have saved as a working class or small business owner; if you lose your income, you will have problems even if you managed to squeeze every dollar for savings. You’d have to be worth north of $5mill to live comfortably off of your investments so unless you are close to that, you should ease up a bit and live your life while you can.
To remedy not comparing myself to others, I got completely off social media. I realized that for me, it was a waste of time and hurting my mental health. And to remedy spending more than what I make , I got rid of my toxic friends who expected me to spend the same as them when I am making way less in comparison. That is why I will never be friends with people who make more money than me. Just brings unwanted problems and drama.
Yes, I done the exatly same got rid of freinds, that expect me to use money all the time on stupid stuff, exspensive clothes, cars, going out and use money all the time. Now I much relax, and not so stress in life. I can save and invest more money.
I never look at what other people have or buy, I’m just happy with what I have and buy and save. I don’t have much and I don’t need much either I’m just happy with small things and the security that I don’t have debt but do have the money to buy something new if one of my things breaks down. I’m almost 60 years and I’m living on disability money so I already don’t work for almost 20 years and I’m just happy to be able to live the way I want.
Yup... I made about $160k+ before taxes last year and my previous workers who make $13 per hour traveling to the Bahamas, Europe, Mexico, etc... I'm like wtf
Except watching UA-cam I’m not on social media, others clearly are… as I set enjoying a coffee outside (I live in a harbour) to people got out of their cars in workout gear, all they did was stretch and take pictures and got back in the car 🫣 I almost made me sad for the people, living your live like that.
I would throw in #7- the other person got their cool stuff way cheaper than you think (second hand, clearances and sales, coupons, etc.) I have a lot of nice things like a designer bag, brand name clothes, and expensive wooden toys for my son… but they were all just great thrift store finds that cost me only a few dollars each.
I predict the loud and slightly tacky luxury labels will continue to fall out of favor for those who can easily afford it. It does seem like more and more people are doing exactly this, falling into debt to show off and impress others, which is only a giant red flag that they are NOT wealthy or rich. That’s how quiet luxury labels started trending. It’s for the truly elite who don’t need to advertise the fact that they paid $1200 for the sweater they’re wearing. They know they’re rich, they don’t need you to.
I worked as much overtime as I could when I was younger. I always saved and invested the extra money that I made. I used to work 65 hours per week and in the last few years cut my hours down to 30 hours per week. Now I work 3 days a week from home and I earn more than I did when working 65 hours per week. I try to use up all of my 8 weeks of vacation each year as well along with my 10 holidays. I really only work 9.5 months per year now. I spend more time with family, going to the gym, biking, visiting friends, gardening and home projects. It is nice to finally have a work life balance. I have been offered promotions, but I turn them down as I do not want to go back to a full time position.
@@mocheen4837haha people think working 60hrs a week is a lot this week I have work 60hrs of ot. normal week for me is 60hrs plus average 18hr of ot a paycheck throughout the year(56hrs a week is my normal weekly hrs plus 4 to 6 hours at a part time 2nd hobbie job) 18hrs of ot on top of the 112 normal hrs biweekly
I'm a new attorney still living like a broke student. I worked full time all through law school but I still had to take out student loans and I want to pay them off as soon as possible.
If you own luxury cars, houses, watches, etc. you are the slave to the corporations you work for, bought those items from, and you borrowed from to buy those items. You are spiritually poor. If you instead enjoy activities such as gardening, making music, walking you are the rich person no matter your wealth because you own your own time, our most valuable asset.
What he said about social media being just a ‘highlight reel’ is absolutely true. Even prior to the internet and social media human beings just have a natural inclination to ‘put their best foot forward’ as the old saying goes and present themselves in their best light. The little unpleasantries in their lives they try and keep out of sight. Just try and be the best version of yourself and do the best you can - that’s what really matters. I know a few wealthy people who I think are jerks and I wouldn’t want to be them and their material wealth does not impress me in the least.
Not everyone is broke. A lot of people have seen net worth growth over the past 4 years. Some people have equity in many different markets and solid cash flow; not everyone is pretending.
I have a friend who had a used oil business. He picked up used oil products in routes. He started out with a oil truck that should have been in a junkyard. It was always breaking down. It had an old pump underneath the truck that would really, really struggle when the oil got down to twenty or so below zero. I rode with him sometimes and he'd be under the truck on a sheet of cardboard with his gloves off trying to get the pump going. I'd feel so sorry for him. He eventually built up a great customer base. He bought better trucks each time he had to replace them. Two years ago his filter truck which was used to haul used oil filters in barrels finally croaked so bad he couldn't fix it anymore. He called around and sold it to a junkyard telling them it was so bad he wouldn't allow them to drive it - they had to haul it by trailer. It had 1.2 million miles on it! Recently someone showed up who had a business in another state and bought his routes, trucks, oil tank storage farm and everything else. They haven't bought a better car or pickup or anything else except his took a trip to Ireland. Nothing will change for them except he has free time which is dangerous to men's health.
It's not that somebody has more money than me that bothers me. It's the fact that so many others seem to. If it's that easy to atqin, why do I feel like I'm always ten steps behind? I watched a video similar to this a few weeks ago then ran to the store for some things. I saw so many truck and boat combinations driving around that were literally brand new and easily cost upwards of 200k combined or more. The owners are roughly 35 to 45 which is in my age range. I just don't understand how so many people seem to do so well and I am only just doing OK at 37. It's exhausting.
Not everyone is going to make it out of this life at a high level. You just have to make it work with what you got. There’s happiness to be found even if you don’t have much. But you’ll never find it if you keep comparing yourself with those big trucks and boats. You can have dreams and goals to improve your situation. But keep it real.
Bought my first house for $80K in 2005. Before everyone jumps on me about housing prices, hear me out. It was 800sq ft and in a ROUGH neighborhood. 3 borded up and abandoned houses on my block. 10 more in the square block radius. Junkies and homeless people shuffling up the street yelling at each other all hours of the night, gun shots etc, etc. But you know what - that's what I could afford at the time. Sometimes you have to start at the VERY bottom because that's where you are in life.
I don't know. Everything seems under control. You go to the restaurant. It's full. The highway is full. It's not a small car anymore with holes or rust. It has been a while since I saw that. No it's the brand new model. Also better than what I have. Costco? No problemo. Let's take a kart. There's an event somewhere? Let's roll. No worries. Then you see reports and it's bananas. It doesn't make any sense. Something will break and it will be hell. At one moment yes.
Here's a question that hits me every time I see this "the average American has $20k in credit card debt..." Is this to say that all the people with no CC debt averaged in, or is it just the average of people who (currently) hold debt? Because if it is that first scenario, that is scary.
I know someone who lives in the nicest part of a major US city. Their home is worth more than a million dollars. They’re in massive amounts of credit card debt, have no savings, no investments, and no retirement and they’re in their 60s.
In the US its called getting into large amounts of debt. To impress others. Most but not all are doing this. My guess is that 85 percent of single people are making 65k or less in the US. The median single person wage is at 54k so my guess cant be too far off. Those Facebook friends are struggling. Trust me. With those wages you cant be going on all those trips and have new cars and stuff without large amounts of loans and debt.
Is it even that much? I just Googled and it suggested $37,585. Perhaps your number is for full time jobs only. But you get all of this social media that makes people think that if they're not earning six figures by 25, they're a loser, when almost no-one is.
Whenever I see someone with a new car, I just assume they don't own it. Either it's on credit or it's on lease. Same when people have the brand new iPhone.
@@aaronkelley3865 Good for you. but let's be honest, you're the exception. I saved and paid for my master's degree in cash too, but I know that most people are taking a loan to get one.
My nephew works in the financial sector who said to me you’d be shocked of the people you know that give the impression they’re wealthy but in reality I’m better off for being financially responsible. Trying to keep up with the Jones and trying to impress people that hate you for what you have is the epitome of stupidity.
I still drive a 2010 Kia forte. Debt is all payed off and have a ok paying job. What gets to me is seeing people enjoying life having a great work schedule and going out in the weekends. I feel like everyone around me is doing great career wise making good money with a great schedule. It’s hard to justify if I should go to school to get a better job and schedule but I don’t not want to put my family in debt.
I have one full time income, one part time income (I work 7 days a week) and my wife works part time. We don’t have anyone to help us with our kids for rides to school or other activities. And we can BARELY make it to the next paycheck, every time. Things are too expensive. We have old cars we can’t repair, house repairs that have to wait another decade, no ability to save a dollar. We have old cars, eat at home every day, eat leftovers every day for lunch, and don’t buy literally anything unless it’s needed. Households need minimum 2 full time incomes and probably one part time income as well. That’s why we’re broke. And our mortgage is cheap since we bought in 2015 and refi’d at 2.75% a few years back.
Man I love your content and now that I started my own channel where I discuss my handyman/ home repair business I realize just how much work goes into content. I’m in the messy and new phase but you certainly inspire me!
yeah i feel people act like a superstar and going on like 10 holidays a year. But i think some people have debt, buy things on credit to try and keep up with others. Trying to keep up with other people is exhausting and waste of energy so I just stay in my lane. I think it's important to be happy what you have and be realistic of what you want next.
Some times the delete button seems like the most obvious choice when I look around me. This video essentially boils down to "pull up your boot straps", but if everyone pulled up their boot straps, who would be the workers doing the so called "shitty" jobs.
I've been frugally spending for 4 years and investing most of it. I can tell you that after next year i will absolutely be in the 2% club. All the clothes i wear are cheap, i drive a 15 year old car, cook food at home. Everyone says why don't you buy a car? What if i told you if i wait, my investments can buy me 3 cars plus a house, and vacations whenever i want. People don't understand the power of investing. And live below your means.
My advise is do everything you can to avoid buying a car. All of my friends purchased cars as soon as they were able to financially while I seat it out and took the bus to work and still do. We all make similar income but I was able to buy my own place nearly 5 years ago while my friends are all still renting. Cars will set you back big time and only give the illusion of wealth.
If your having to drive your new Bugatti Chiron to the food bank you’re car too expensive I like watching Never Too Small it really show how people can live luxurious & comfortably in a smaller space that has everything you need
I'd make that case that comparing yourself to others is mostly involuntary or is at least very difficult to control. It stems from emotions involving inadequacy and wanting to be admired or accepted, and if you've struggled with that, then there's no "off switch" to stop comparing yourself with your friend who make a lot of money or has a really attractive spouse.
Generally I loose interest in most thing that I can buy. I newer borrow to anything - borrowing to semi luxury goods is not being rich. It's being poor. Most people can increase their house loan and buy a submariner. You are rich if you pay for it cash and can use it as a daily beater... People are silly.
I have no debt and good savings. My car is 10 years old and is a small car so the day to day running and maintenance is much cheaper than most other vehicles on the road.
Love your content…..Here’s a thought when it comes to comparison. Everyone defines luxury differently. My sister loves to travel. I love the my bed and luxurious sheets. She loves new cars every two years. I love snuggling with my 3 dogs. My life would not change a lick if I was a million dollars richer….love my house, my hobbies, and having all my friends too far away to get together. What are your original thoughts? I would like to hear your thinking….how YOU think about life, Most of what you say, is out there…..
You’re right. People today live in the now, they are keeping up with trends and likes to flaunt. After this, what do they feel in the long term? Won’t they be tired and bored hanging on to flaunting and be famous? At some point they will. One of the most extreme i know, when a guy sold his one kidney just to buy an iphone15😢
Im the one that always has more than my friends and let me tell you, its not a great position to be in either. I never even post on social media. All my friends forgot that I skipped parties, holidays, outings as I was building my company and career. They also forgot they laughed for 10 years as I drove the same little cheap beater car as they dove into debt to lease impressive cars. People just suck
Yeah well 5 yr old out of warranty cars are 20k now so not exactly cheap and insurance varies but the minimum to get a car that won’t have major issues for the average non-mechanic in a suburb isn’t exactly unnecessary consumerism. My 12yr old car I found exactly 1 of the same car on the market to replace when the engine died for no less than 7k cash private deal and back in 2017 when I was shopping the dealers would not finance anything under 10k…. Rust and sun damage are also a thing in certain areas. I’d bet that many people are in that situation between I need this car now or I’m going to get fired and lose my housing and hmm yeah I don’t really want to go into debt for this base model white Corolla.
@@mocheen4837lol nah hybrid station wagon 4 lyfe. Too bad Prius v weren’t “more popular”. I’m so not a mechanic therefore I try to stick with really similar vehicles for as long as possible so the maintenance requirements are more familiar.
I have more money than most people but I drive an old car and wear cheap clothes, and this is partly why I have done well. It's not what you earn it's what you save; control spending. Be excited when you reach saving goals rather than how fast a new car could go, and realise your existing car does the job so keep it. A new car is an old car soon after buying it.
I often compare myself downwards against others. Take a drive around the slums on the other side of the tracks with tarps for windows and roofs caving in on roads with plant life growing out of the potholes and sidewalks. You'll soon realize that you are actually doing pretty damn well.
I'm happy I don't get too caught up in the comparison game. Focused on getting out of debt. I'm almost there, and it feels amazing. I haven't been debt free in years! I want to purchase a new car (to me), but I refuse to get a car loan. I think being 100% debt free is the ultimate best goal.
My cars are older and paid off, I hate the idea of having car payments unless I was just sitting on the cash to pay off the car and wanted to do something else with 30k that might pay more than the loan. I have credit card debt, I hate it, I'm busting my ass trying to get it paid down.
I stick to this in Life and I say the same to my kids . “As long as you working on getting better, thats all that matters, becos the race is only against yourself”
A lot of people just look rich, but nothing is ever paid for. These people have maxxed credit cards and bad loans just to have things like a $100k vehicle. If one thing goes wrong in their lives it is all over.
When I was a kid we farmed. All our friends were able to buy new machinery, new pickups (and cars), go on trips, generally be bigshots. We had a good operation, some of the best dairy cattle anywhere and mom had a good job. Thongs were good but we didn't have flash of any kind. Dad would say how can things be so good for everyone else but not us? We went to the bank and mention the word Harvestor silos which were the must have grain or cattle feed storage. They were 60 to 80 feet tall, dark blue steel which exclaimed look at us! I would go to agriculture class and the teacher and I argued all the time. If you had enough to buy 1/4 of four farms or all of one farm? I'd say how about 1/2 of two farms? He was relentless. When you go to the bank take every bit of the money they'd loan you and find something to buy. We'd, my dad, brother and I, would mope around wondering what the he'll was wrong with us. There was sanity here and there. Not every one would drive in the yard and see dad pushing a wheel barrow across the yard with four tool boxes on top then say "If you farm with junk you have to be a good mechanic!". That actually happened and it was hilarious. Dad would take me along to see the banker. I'd say the word Harvester and he'd light right up " If you decide on a Harvester I'll find you financing from another bank but you won't get one dime from us. Then the 1982 agricultural collapse came. Every one of those people who were flashy showoffs either went broke or quit farming. It was like a finacial plague went through ripping the guts out of so many. That was also the year we paid off the farm. HAH!
When I was younger I wanted that beautiful apartment, nice car, designer clothes etc etc. When I started making more money, I was able to get all of those things. I quickly realized that I don’t need that to be happy. Today I’m so much more practical for example my husband and I share one car and it has 115,000 miles on it and it’s 10 years old. It works just fine and gets me from A to B. I don’t need to keep up with the Jones’s
My high school friend grew up on a dairy farm. He'd complain every week after trying to grind corn cobs shoveled into a machinery that turned corn, soybeans and other ingredients into fees for the cows. The !machine broke every time they used it. Why couldn't they afford a better feed grinder? They weren't poor! What's wrong? Then his dad died. The three brothers and uncles were standing around trying not to cry when three suits showed up a very nice car. They said the were.from Piper Jeffrey and Hopwood. They were hoping the family would keep their investments with them. Everyone perked up. What investments? You have $600,000 with us. Can it stay with us? At least until we can talk to you and your mother? $600,000 was a lot in 1978! A. said their father got the wall street journal, barrons, fortune, business week and every finance magazine there was and would sit in his rocker and read when everyone else went to bed. Turned out he was a financial genious.
I hit reply by accident. Eventually, the boys got $200,000 each and their mother got the farm and the investments. The only n thing they bought in.A burst of euphoria was a better feed grinder.
When working with my siblings to liquidate my deceased parents estate it became obvious that they were more concerned with flaunting and being apparently "rich" than actually having the real basis for being wealthy. I retired as a self made multi-millionaire and I look like a dirt poor farmer.
I have a close friend who just lost his house due to second mortgage debt, credit card debt, and overdue property tax. If he and his family had cut their expenses by $1,000 per year for the last 25 years, they'd still have their house. Don't believe people who tell you all those little expenditures don't matter. They matter!
Comparison is the thief of joy for sure. Plus, like you said, there is always a bigger fish. Building wealth is a worthy process. But It Is A Process indeed.
I’m one of those people who don’t care about luxury brands. If it’s comfortable, I’ll buy it. Quality and durability are my main standards when buying stuff. I make 6 figures with no debt, no kids, no car, no mortgage (I rent). I invest 20% of my income (50% in dividend growth stocks and 50% index funds). The rest I budget for my day to day and travel fund. I like 5 star hotels and 5 star vacation packages. I would pay for a business class seat if it’s not insanely expensive because travelling brings me joy. I go on a trip every 3 months to make me always motivated to do my best in my job (senior role in tech) looking forward to my next trip. I budget and make sure my needs are taken care of and whatever is left, I splurge on things that brings me joy ❤. DO NOT EVER COMPARE YOURSELF WITH OTHERS. If you can pay for things that brings you joy without ever going in debt, then you’re doing really well compared to majority of people.
I tend to buy what I like and if it happens to be an expensive luxury item so be it. I also love cars so I typically will own a sports car. I enjoy mountain biking and will spend $7000 on a mountain bike. I also like sneakers and have an extensive collection of Jordans which I get 40% off from my cousin that works at Nike. I collect watches and only buy one every few years due to the prices. You only have one life so try to find a balance to have things that you enjoy. You also need to save and invest for the future.
I truly believe people are living off credit cards. My wife and I both make $60k each/$120 annually combined. We have a $1300 mortgage from 2010, no car payments. With gas travel, utilities, and life insurance ($1000 a month), we are living paycheck to paycheck. My siblings pay $2000 for an apartment and they’re doing “better” than me. How? And I can’t justify paying $60k for a fully loaded suv/pick up truck when I only have 80k left on my mortage. Wife and I plan to payoff the mortage in 3 years.
I am from germany and its crazy how much credit card debt is a thing in America. I don't know anybody how is having credit card debts. Could be because of my surroundings, but its not really a thing here. And the over 120 Dollars per month for mobile phone payment really shocked me
The problem I had is I came from a family who struggled with money. Then I wanted to leave home at the age of 18, I went into debt and got a student loan. Biggest mistake of my life. Got a credit card and worked up even more debt. Met my girlfriend who has been living at home and never studied, saved like an absolute champ and is so far ahead in life that I'm behind and she wants to travel and I cant afford it. Never been so motivated to start sorting my finances. School should have taught us better...
Amen. I've come to realize that I have no idea what's going on with someone's finance from a single glance. A millionaire might be driving that 20-year-old Honda, and a broke-dee-broke might be driving that new SUV.
It’s not important whether others have more money or possessions than you. Instead, focus on your own well-being-mentally, physically, and spiritually-and work on enhancing your character in your interactions with others. True wealth comes from personal growth and meaningful relationships, which will bring lasting fulfillment and success in the long run. 😊
I lived to close to the edge when I got my first real job for many years, I think it comes from not having much or you family not buying certain things. I know that's how I was but finally worked up enough to now afford most of it without debt and am going to continue building. My Next car will be paid for in cash or a very large percent down and paid for in a year or two not 5 years and some down.
I have friend she’s stay home mom only her husband work , her family always vacation. last year she went to Newzealand or usually her family go there every year for like 3 month. This year she went to Europe, Asia ( Indonesia “ Bali, Jakarta, Komodo Island “ , Thailand , Korea, Japan . Thailand , Korea and Japan she went twice this year . Also she went vacation locally. Sometimes I feel envy, but now I try not to see social media just try to be grateful.
I love how the say mint mobile is less expensive and when you do the math is the same as a regular carrier, you have to pay $360 up front plus 30 each month for a line, that is 60 bucks a month ant least. Is the same as the big carriers
I believe you pay that for the year. I have done it and I have a bunch of friends and family who use it and you don’t have to pay twice that’s just paying upfront.
Delayed gratification is a biggest sham. Work hard your whole life, through your prime and health to enjoy maybe 15-20 year of financial freedom in your old age and sickness. Living in the moment is the best thing while you can still enjoy it, take that vacation on a credit card, buy that 911 Turbo, build those memories while you’re still young and healthy.
The covid crash was when I stopped caring what other people do. I thought I was doing average but I seemed the only person who investing alot and made alot in my large circle in a higher cost of living area. Someone I know even mentioned having no cash to invest, another bragged about making 10K. For those who don't know, 10K gains are tiny for how bad the crash was and how quick the recovery was. Put another way, the "rich" people weren't rich. It was actually awkward because I genuinely thought they had money with how they live so I'd ask how they were handling the crash and they were like "I wish I had money!"
I don't understand why I wouldn't want people to have more than me. I am not setting the world on fire but I'm doing OK, so I hope that all my friends are doing at least as good as I am. I don't want to be doing better only because they are doing worse.
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Stop using social media and your life will be quieter and more peaceful. What you don’t see doesn’t hurt you. You do you- period. ✌️
👏
Love this
I never judge myself based on other people. I unfortunately judge myself based on my own, often times unrealistic expectations
Me either
I have the same issue.
Same😢
That might feel bad on a small day to day scale, but it is wonderful in years scale as it pushes me to do the very best I can
You may want to start comparing yourself to others then.
People don't want to have a million dollars, they want to spend a million dollars, which is the fastest way to not have a million dollars
ironic.
Give me 1m i wont spend anything
@@penguingobrrbrr353 so you don't need it. What's the point of being a millionaire and not being able to spend?
@@famicomnintendo good point.
In San Francisco it seems as though most people are multi millionaires. I know young couples in tech making $400,000 each. Imagine being a 23 year old couple making close to $1 million per year. $300,000 is considered middle class and houses are $2 million dollars.
I just talked to 3 buddies about finances who I would consider are doing better than me or at least on par with me. Then they started talking about their credit card balances that they were working on paying down. Realized I was the only one who could afford paying off credit cards every month and was still saving every month. Same mentality that helped my parents have a couple million to retire with.
Wow share some just a little…don’t mind few bucks there is hunger in the land😭😭
👏
I regret not talking about finances with my friends who are all retired and have little or no money. Share your goals of no debt and having an emergency fund, etc.
I actually had the same experience. I ended up being able to buy a house when my friends who seemed “rich” were still paying off their loans.
I am in my mid 30s and drive a crappy car. But my mortgage is almost paid off.
Amen to that, cars are a depreciating assest anyways.
That's insanely impressive
Very smart and impressive
Congrats bro ,Now a days it’s almost impossible to get into a house . Or atleast a mortgage that makes sense the house you got for 250k is 750 in my area 😂 . I have 2 full times and a side business it’s still almost impossible to achieve .
I'm in my 40s with a ridiculously fast car and a huge mortgage 😂
Comparison is the thief of joy 🔥🔥🔥
Amen!
Unless you actually are Jones.
So true, LinkedIn is also toxic, seems like there is herd like mentality.
When you see others with new cars every two years you have no idea how much debt they are carrying. I’m happy with what I have living debt free.
@@SassySue67 completely agree. They’re usually on finance and they never actually own the car outright
Same here. Years ago I was jealous for people with a brand new car every couple years. Now I feel sorry for them. Never mind how much they make,but wasting money on stuff like cars shows how silly they are. Especially when some of them have to work extra hours to cover the cost of it.
My neighbor always changes his cars every two years. He leases Corvettes, Porsches, Teslas, Audis et. He writes them off and owns several care homes. It is not a waste of money as he is just enjoying his passion for cars. He can easily afford to have an expensive hobby.
Or they lease
@@mocheen4837 good for him, he sounds very financially blessed. Some will still consider that a waste of money, though, as that money could be used for something “better”, but that’s all subjective.
1. You NEVER know how much debt someone is in.
2. You NEVER know how much money they're getting from family members.
3. You NEVER see the bad things about someone's life. They only show you the great stuff for mutual celebration or just plain bragging.
4. Try to only spend your money on the REQUIRED things and the things you LOVE. All the other stuff is a waste of money.
5. Money talks, wealth whispers.
6. You can never know if that person HAS money or is simply BLOWING money.
Yes, I agree with all those points. In my culture (South Asian), I've seen instances of people who just gloat about "I earn this much" or "I bought xyz" just to show off, its sad. They want to copy other people.
I didn't say anything but merely an observation.
Spending money lavishly on non-appreciating assets, such as clothing, beauty supplies, and cars, doesn’t make you rich. Making your money work for you does.
They are heavy in debt with credit cards
A lot of them are
Not always.
" They Actually DO" I feel soo much better😢
@@SpinachDip-k8h 😂😂😂
😂😂 Thought the same thing. Guess he started with the negative and went to the positives lol
@@maxostrowski5269 why is that a negative? People have lots of $$$$.
I am so glad that you mentionned # 5- "You are being stingy." As someone who saved and saved to have some money in retirement, I now find that I am afraid to spend that money or lost the ability to spend money on myself. I would love to see you do a video on this fear of spending which is probalby more common than we realize. It is called Chrometophobia. How do we overcome that fear of spending? Does anyone have the answer? Beware, you and many others may be on the road to this phobia too.
You have to find the balance. I pay myself a large percentage of my income first and then I have fun with what’s left over. Tomorrow isn’t guaranteed so you have to find time for leisure and experiences. You also have to remember that it doesn’t matter how much money you have saved as a working class or small business owner; if you lose your income, you will have problems even if you managed to squeeze every dollar for savings. You’d have to be worth north of $5mill to live comfortably off of your investments so unless you are close to that, you should ease up a bit and live your life while you can.
To remedy not comparing myself to others, I got completely off social media. I realized that for me, it was a waste of time and hurting my mental health. And to remedy spending more than what I make , I got rid of my toxic friends who expected me to spend the same as them when I am making way less in comparison. That is why I will never be friends with people who make more money than me. Just brings unwanted problems and drama.
UA-cam is social media. FYI.
@laundrygoddess4 True. I completely forgot. Thanks. But it's not as bad as Instagram and FB.
Yes, I done the exatly same got rid of freinds, that expect me to use money all the time on stupid stuff, exspensive clothes, cars, going out and use money all the time. Now I much relax, and not so stress in life. I can save and invest more money.
I never look at what other people have or buy, I’m just happy with what I have and buy and save. I don’t have much and I don’t need much either I’m just happy with small things and the security that I don’t have debt but do have the money to buy something new if one of my things breaks down. I’m almost 60 years and I’m living on disability money so I already don’t work for almost 20 years and I’m just happy to be able to live the way I want.
Don’t compare people’s highlights reels to your behind the scenes.
Yup... I made about $160k+ before taxes last year and my previous workers who make $13 per hour traveling to the Bahamas, Europe, Mexico, etc... I'm like wtf
Except watching UA-cam I’m not on social media, others clearly are… as I set enjoying a coffee outside (I live in a harbour) to people got out of their cars in workout gear, all they did was stretch and take pictures and got back in the car 🫣 I almost made me sad for the people, living your live like that.
I would throw in #7- the other person got their cool stuff way cheaper than you think (second hand, clearances and sales, coupons, etc.)
I have a lot of nice things like a designer bag, brand name clothes, and expensive wooden toys for my son… but they were all just great thrift store finds that cost me only a few dollars each.
You’re a smart shopper
Me too. Wizard level thrifters!
I predict the loud and slightly tacky luxury labels will continue to fall out of favor for those who can easily afford it. It does seem like more and more people are doing exactly this, falling into debt to show off and impress others, which is only a giant red flag that they are NOT wealthy or rich. That’s how quiet luxury labels started trending. It’s for the truly elite who don’t need to advertise the fact that they paid $1200 for the sweater they’re wearing. They know they’re rich, they don’t need you to.
Now people will rob you without any consequences. So it is not safe to have nice things.
everybody be taking vacations when i’m struggling working OVERTIME just to survive 😭
And they're paying with credit cards. And drowning in credit card debt.
@@JasonCasey-mm2zc Not always. I suppose many carry debt, or go on vacation and pay it down over 6 months etc.. both pretty bad ideas
I worked as much overtime as I could when I was younger. I always saved and invested the extra money that I made. I used to work 65 hours per week and in the last few years cut my hours down to 30 hours per week. Now I work 3 days a week from home and I earn more than I did when working 65 hours per week. I try to use up all of my 8 weeks of vacation each year as well along with my 10 holidays. I really only work 9.5 months per year now. I spend more time with family, going to the gym, biking, visiting friends, gardening and home projects. It is nice to finally have a work life balance. I have been offered promotions, but I turn them down as I do not want to go back to a full time position.
@@mocheen4837haha people think working 60hrs a week is a lot this week I have work 60hrs of ot. normal week for me is 60hrs plus average 18hr of ot a paycheck throughout the year(56hrs a week is my normal weekly hrs plus 4 to 6 hours at a part time 2nd hobbie job) 18hrs of ot on top of the 112 normal hrs biweekly
Working anything over 40 hours a week is moronic. Sounds like you need to change some things in your life.
Brilliant as always 💚 Definitely companion, judgement, and (most) social media only hurts you. Have a Favorite day! Great Video!
So true!
I'm a new attorney still living like a broke student. I worked full time all through law school but I still had to take out student loans and I want to pay them off as soon as possible.
Until my friend with a nicer car asks me to lend him some money lol
It happens all the time 😅
😂this amazes me. Priorities? X
My friend with all the nice cars offered to lend me $40,000 when I was car shopping because interest rates were 4%.
nice car, can't afford the fuel.
If you own luxury cars, houses, watches, etc. you are the slave to the corporations you work for, bought those items from, and you borrowed from to buy those items. You are spiritually poor. If you instead enjoy activities such as gardening, making music, walking you are the rich person no matter your wealth because you own your own time, our most valuable asset.
I enjoy driving, especially on track. What does that make me?
What he said about social media being just a ‘highlight reel’ is absolutely true.
Even prior to the internet and social media human beings just have a natural inclination to ‘put their best foot forward’ as the old saying goes and present themselves in their best light. The little unpleasantries in their lives they try and keep out of sight.
Just try and be the best version of yourself and do the best you can - that’s what really matters. I know a few wealthy people who I think are jerks and I wouldn’t want to be them and their material wealth does not impress me in the least.
Not everyone is broke. A lot of people have seen net worth growth over the past 4 years. Some people have equity in many different markets and solid cash flow; not everyone is pretending.
I have a friend who had a used oil business. He picked up used oil products in routes.
He started out with a oil truck that should have been in a junkyard. It was always breaking down. It had an old pump underneath the truck that would really, really struggle when the oil got down to twenty or so below zero.
I rode with him sometimes and he'd be under the truck on a sheet of cardboard with his gloves off trying to get the pump going. I'd feel so sorry for him.
He eventually built up a great customer base. He bought better trucks each time he had to replace them.
Two years ago his filter truck which was used to haul used oil filters in barrels finally croaked so bad he couldn't fix it anymore. He called around and sold it to a junkyard telling them it was so bad he wouldn't allow them to drive it - they had to haul it by trailer. It had 1.2 million miles on it!
Recently someone showed up who had a business in another state and bought his routes, trucks, oil tank storage farm and everything else.
They haven't bought a better car or pickup or anything else except his took a trip to Ireland.
Nothing will change for them except he has free time which is dangerous to men's health.
It's not that somebody has more money than me that bothers me. It's the fact that so many others seem to. If it's that easy to atqin, why do I feel like I'm always ten steps behind? I watched a video similar to this a few weeks ago then ran to the store for some things. I saw so many truck and boat combinations driving around that were literally brand new and easily cost upwards of 200k combined or more. The owners are roughly 35 to 45 which is in my age range. I just don't understand how so many people seem to do so well and I am only just doing OK at 37. It's exhausting.
Not everyone is going to make it out of this life at a high level. You just have to make it work with what you got. There’s happiness to be found even if you don’t have much. But you’ll never find it if you keep comparing yourself with those big trucks and boats.
You can have dreams and goals to improve your situation. But keep it real.
usually its from inheritance
Bought my first house for $80K in 2005. Before everyone jumps on me about housing prices, hear me out. It was 800sq ft and in a ROUGH neighborhood. 3 borded up and abandoned houses on my block. 10 more in the square block radius. Junkies and homeless people shuffling up the street yelling at each other all hours of the night, gun shots etc, etc. But you know what - that's what I could afford at the time. Sometimes you have to start at the VERY bottom because that's where you are in life.
I don't know. Everything seems under control. You go to the restaurant. It's full. The highway is full. It's not a small car anymore with holes or rust. It has been a while since I saw that. No it's the brand new model. Also better than what I have. Costco? No problemo. Let's take a kart. There's an event somewhere? Let's roll. No worries. Then you see reports and it's bananas. It doesn't make any sense. Something will break and it will be hell. At one moment yes.
Yep, our society is built up like a deck of cards right now. Everything looks great. Until the day comes when something goes bump.
Here's a question that hits me every time I see this "the average American has $20k in credit card debt..." Is this to say that all the people with no CC debt averaged in, or is it just the average of people who (currently) hold debt? Because if it is that first scenario, that is scary.
I know someone who lives in the nicest part of a major US city. Their home is worth more than a million dollars. They’re in massive amounts of credit card debt, have no savings, no investments, and no retirement and they’re in their 60s.
In the US its called getting into large amounts of debt. To impress others. Most but not all are doing this. My guess is that 85 percent of single people are making 65k or less in the US. The median single person wage is at 54k so my guess cant be too far off. Those Facebook friends are struggling. Trust me. With those wages you cant be going on all those trips and have new cars and stuff without large amounts of loans and debt.
Is it even that much? I just Googled and it suggested $37,585. Perhaps your number is for full time jobs only. But you get all of this social media that makes people think that if they're not earning six figures by 25, they're a loser, when almost no-one is.
Bro keep em coming!! 🎉
Will do!!
This was very very insightful
Whenever I see someone with a new car, I just assume they don't own it. Either it's on credit or it's on lease. Same when people have the brand new iPhone.
I just bought a $70K car. I paid cash for it. No I’m not rich. I just have my finances in order, and I saved up for it.
@@aaronkelley3865 Good for you. but let's be honest, you're the exception. I saved and paid for my master's degree in cash too, but I know that most people are taking a loan to get one.
I hope you have your own house as well @aaronkelley3865
People confuse debt with wealth.
Ever since I left nyc and moved to texas, I dont feel the need or impulse to compare myself to others 😊
What a shame I can only like this once. What an important and great Video. Thank you!
Glad you enjoyed it!
My nephew works in the financial sector who said to me you’d be shocked of the people you know that give the impression they’re wealthy but in reality I’m better off for being financially responsible. Trying to keep up with the Jones and trying to impress people that hate you for what you have is the epitome of stupidity.
I still drive a 2010 Kia forte. Debt is all payed off and have a ok paying job. What gets to me is seeing people enjoying life having a great work schedule and going out in the weekends. I feel like everyone around me is doing great career wise making good money with a great schedule. It’s hard to justify if I should go to school to get a better job and schedule but I don’t not want to put my family in debt.
I have one full time income, one part time income (I work 7 days a week) and my wife works part time. We don’t have anyone to help us with our kids for rides to school or other activities. And we can BARELY make it to the next paycheck, every time. Things are too expensive. We have old cars we can’t repair, house repairs that have to wait another decade, no ability to save a dollar. We have old cars, eat at home every day, eat leftovers every day for lunch, and don’t buy literally anything unless it’s needed. Households need minimum 2 full time incomes and probably one part time income as well. That’s why we’re broke. And our mortgage is cheap since we bought in 2015 and refi’d at 2.75% a few years back.
Man I love your content and now that I started my own channel where I discuss my handyman/ home repair business I realize just how much work goes into content. I’m in the messy and new phase but you certainly inspire me!
Been on mint mobile for 4 years... it's great I'll never go to anything else
yeah i feel people act like a superstar and going on like 10 holidays a year.
But i think some people have debt, buy things on credit to try and keep up with others.
Trying to keep up with other people is exhausting and waste of energy so I just stay in my lane.
I think it's important to be happy what you have and be realistic of what you want next.
Some times the delete button seems like the most obvious choice when I look around me. This video essentially boils down to "pull up your boot straps", but if everyone pulled up their boot straps, who would be the workers doing the so called "shitty" jobs.
I've been frugally spending for 4 years and investing most of it. I can tell you that after next year i will absolutely be in the 2% club. All the clothes i wear are cheap, i drive a 15 year old car, cook food at home. Everyone says why don't you buy a car? What if i told you if i wait, my investments can buy me 3 cars plus a house, and vacations whenever i want. People don't understand the power of investing. And live below your means.
My advise is do everything you can to avoid buying a car. All of my friends purchased cars as soon as they were able to financially while I seat it out and took the bus to work and still do. We all make similar income but I was able to buy my own place nearly 5 years ago while my friends are all still renting. Cars will set you back big time and only give the illusion of wealth.
Great video.
Your advices are jem to me I am in my 20s and it is helpful. Thank you
If your having to drive your new Bugatti Chiron to the food bank you’re car too expensive I like watching Never Too Small it really show how people can live luxurious & comfortably in a smaller space that has everything you need
I'd make that case that comparing yourself to others is mostly involuntary or is at least very difficult to control. It stems from emotions involving inadequacy and wanting to be admired or accepted, and if you've struggled with that, then there's no "off switch" to stop comparing yourself with your friend who make a lot of money or has a really attractive spouse.
Well, if that’s the kind of person you are, then you should completely remove social media from your life.
Thanks, needed this. Good video! ❤
Generally I loose interest in most thing that I can buy. I newer borrow to anything - borrowing to semi luxury goods is not being rich. It's being poor. Most people can increase their house loan and buy a submariner. You are rich if you pay for it cash and can use it as a daily beater...
People are silly.
I have no debt and good savings. My car is 10 years old and is a small car so the day to day running and maintenance is much cheaper than most other vehicles on the road.
Love your content…..Here’s a thought when it comes to comparison. Everyone defines luxury differently. My sister loves to travel. I love the my bed and luxurious sheets. She loves new cars every two years. I love snuggling with my 3 dogs. My life would not change a lick if I was a million dollars richer….love my house, my hobbies, and having all my friends too far away to get together. What are your original thoughts? I would like to hear your thinking….how YOU think about life, Most of what you say, is out there…..
My trucks paid off and started crappin but I put a engine in it rather then having a $800 payment for 6 years lol
You’re right. People today live in the now, they are keeping up with trends and likes to flaunt. After this, what do they feel in the long term? Won’t they be tired and bored hanging on to flaunting and be famous? At some point they will. One of the most extreme i know, when a guy sold his one kidney just to buy an iphone15😢
😢
Im the one that always has more than my friends and let me tell you, its not a great position to be in either. I never even post on social media.
All my friends forgot that I skipped parties, holidays, outings as I was building my company and career. They also forgot they laughed for 10 years as I drove the same little cheap beater car as they dove into debt to lease impressive cars.
People just suck
Yeah well 5 yr old out of warranty cars are 20k now so not exactly cheap and insurance varies but the minimum to get a car that won’t have major issues for the average non-mechanic in a suburb isn’t exactly unnecessary consumerism. My 12yr old car I found exactly 1 of the same car on the market to replace when the engine died for no less than 7k cash private deal and back in 2017 when I was shopping the dealers would not finance anything under 10k…. Rust and sun damage are also a thing in certain areas. I’d bet that many people are in that situation between I need this car now or I’m going to get fired and lose my housing and hmm yeah I don’t really want to go into debt for this base model white Corolla.
A twelve year old 911 S still sells for $70,000. No deals to be had yet.
@@mocheen4837lol nah hybrid station wagon 4 lyfe. Too bad Prius v weren’t “more popular”. I’m so not a mechanic therefore I try to stick with really similar vehicles for as long as possible so the maintenance requirements are more familiar.
I'm currently driving 21 year old Opel Corsa. Looking to buy car that 5 yr old now. They so expensive.....I purchased my Corsa in 2018 for €400.
I have more money than most people but I drive an old car and wear cheap clothes, and this is partly why I have done well. It's not what you earn it's what you save; control spending. Be excited when you reach saving goals rather than how fast a new car could go, and realise your existing car does the job so keep it. A new car is an old car soon after buying it.
Your absolutely right.
I often compare myself downwards against others. Take a drive around the slums on the other side of the tracks with tarps for windows and roofs caving in on roads with plant life growing out of the potholes and sidewalks. You'll soon realize that you are actually doing pretty damn well.
My income has more than doubled in seven years. But my take home has only gone up 40%. Meanwhile inflation, taxes, insurance, etc. Kill me.
Thank for leading with number one as it made me respect everything else you had to say.
I'm happy I don't get too caught up in the comparison game. Focused on getting out of debt. I'm almost there, and it feels amazing. I haven't been debt free in years! I want to purchase a new car (to me), but I refuse to get a car loan. I think being 100% debt free is the ultimate best goal.
My cars are older and paid off, I hate the idea of having car payments unless I was just sitting on the cash to pay off the car and wanted to do something else with 30k that might pay more than the loan. I have credit card debt, I hate it, I'm busting my ass trying to get it paid down.
I stick to this in Life and I say the same to my kids . “As long as you working on getting better, thats all that matters, becos the race is only against yourself”
Excellent message. Endless car payments are killing American budgets.
I have a real question.... How do people that don't have an employer pay for health insurance? I have a family, with children.
A lot of people just look rich, but nothing is ever paid for. These people have maxxed credit cards and bad loans just to have things like a $100k vehicle. If one thing goes wrong in their lives it is all over.
I finally got to the point where I have two reliable paid for cars and no credit card debt. Looking forward to finally being able to save and invest.
Thank you very much for the video and reminder to not compare. I needed that.
When I was a kid we farmed. All our friends were able to buy new machinery, new pickups (and cars), go on trips, generally be bigshots.
We had a good operation, some of the best dairy cattle anywhere and mom had a good job. Thongs were good but we didn't have flash of any kind.
Dad would say how can things be so good for everyone else but not us?
We went to the bank and mention the word Harvestor silos which were the must have grain or cattle feed storage. They were 60 to 80 feet tall, dark blue steel which exclaimed look at us!
I would go to agriculture class and the teacher and I argued all the time. If you had enough to buy 1/4 of four farms or all of one farm? I'd say how about 1/2 of two farms? He was relentless. When you go to the bank take every bit of the money they'd loan you and find something to buy.
We'd, my dad, brother and I, would mope around wondering what the he'll was wrong with us.
There was sanity here and there. Not every one would drive in the yard and see dad pushing a wheel barrow across the yard with four tool boxes on top then say "If you farm with junk you have to be a good mechanic!". That actually happened and it was hilarious.
Dad would take me along to see the banker. I'd say the word Harvester and he'd light right up " If you decide on a Harvester I'll find you financing from another bank but you won't get one dime from us.
Then the 1982 agricultural collapse came. Every one of those people who were flashy showoffs either went broke or quit farming. It was like a finacial plague went through ripping the guts out of so many. That was also the year we paid off the farm. HAH!
When I was younger I wanted that beautiful apartment, nice car, designer clothes etc etc. When I started making more money, I was able to get all of those things. I quickly realized that I don’t need that to be happy. Today I’m so much more practical for example my husband and I share one car and it has 115,000 miles on it and it’s 10 years old. It works just fine and gets me from A to B. I don’t need to keep up with the Jones’s
My high school friend grew up on a dairy farm. He'd complain every week after trying to grind corn cobs shoveled into a machinery that turned corn, soybeans and other ingredients into fees for the cows. The !machine broke every time they used it. Why couldn't they afford a better feed grinder? They weren't poor! What's wrong?
Then his dad died. The three brothers and uncles were standing around trying not to cry when three suits showed up a very nice car. They said the were.from Piper Jeffrey and Hopwood. They were hoping the family would keep their investments with them. Everyone perked up. What investments? You have $600,000 with us. Can it stay with us? At least until we can talk to you and your mother? $600,000 was a lot in 1978!
A. said their father got the wall street journal, barrons, fortune, business week and every finance magazine there was and would sit in his rocker and read when everyone else went to bed. Turned out he was a financial genious.
I hit reply by accident.
Eventually, the boys got $200,000 each and their mother got the farm and the investments.
The only n thing they bought in.A burst of euphoria was a better feed grinder.
When working with my siblings to liquidate my deceased parents estate it became obvious that they were more concerned with flaunting and being apparently "rich" than actually having the real basis for being wealthy. I retired as a self made multi-millionaire and I look like a dirt poor farmer.
The ASAP Rocky b reel is so random lol, good video as always tho!
I have a close friend who just lost his house due to second mortgage debt, credit card debt, and overdue property tax. If he and his family had cut their expenses by $1,000 per year for the last 25 years, they'd still have their house. Don't believe people who tell you all those little expenditures don't matter. They matter!
Comparison is the thief of joy for sure. Plus, like you said, there is always a bigger fish. Building wealth is a worthy process. But It Is A Process indeed.
I’m one of those people who don’t care about luxury brands. If it’s comfortable, I’ll buy it. Quality and durability are my main standards when buying stuff. I make 6 figures with no debt, no kids, no car, no mortgage (I rent). I invest 20% of my income (50% in dividend growth stocks and 50% index funds). The rest I budget for my day to day and travel fund. I like 5 star hotels and 5 star vacation packages. I would pay for a business class seat if it’s not insanely expensive because travelling brings me joy. I go on a trip every 3 months to make me always motivated to do my best in my job (senior role in tech) looking forward to my next trip. I budget and make sure my needs are taken care of and whatever is left, I splurge on things that brings me joy ❤. DO NOT EVER COMPARE YOURSELF WITH OTHERS. If you can pay for things that brings you joy without ever going in debt, then you’re doing really well compared to majority of people.
I tend to buy what I like and if it happens to be an expensive luxury item so be it. I also love cars so I typically will own a sports car. I enjoy mountain biking and will spend $7000 on a mountain bike. I also like sneakers and have an extensive collection of Jordans which I get 40% off from my cousin that works at Nike. I collect watches and only buy one every few years due to the prices. You only have one life so try to find a balance to have things that you enjoy. You also need to save and invest for the future.
I truly believe people are living off credit cards. My wife and I both make $60k each/$120 annually combined. We have a $1300 mortgage from 2010, no car payments. With gas travel, utilities, and life insurance ($1000 a month), we are living paycheck to paycheck. My siblings pay $2000 for an apartment and they’re doing “better” than me. How? And I can’t justify paying $60k for a fully loaded suv/pick up truck when I only have 80k left on my mortage. Wife and I plan to payoff the mortage in 3 years.
6:33 While you do start to feel like everybody else is able to afford food. HAHAHA
4:50 Meredith catching a stray there.
I am from germany and its crazy how much credit card debt is a thing in America.
I don't know anybody how is having credit card debts. Could be because of my surroundings, but its not really a thing here.
And the over 120 Dollars per month for mobile phone payment really shocked me
8 out of 10 don’t have $1,000 in the bank to cover basic emergencies. Appearance can be deceiving.
Just needed to say I appreciate the dope B roll, added such a random cool factor to the already good video
I have a pretty decent job and I do get looks about my old car lol but it’s paid for which is such a great feeling
The problem I had is I came from a family who struggled with money. Then I wanted to leave home at the age of 18, I went into debt and got a student loan. Biggest mistake of my life. Got a credit card and worked up even more debt. Met my girlfriend who has been living at home and never studied, saved like an absolute champ and is so far ahead in life that I'm behind and she wants to travel and I cant afford it. Never been so motivated to start sorting my finances. School should have taught us better...
Amen. I've come to realize that I have no idea what's going on with someone's finance from a single glance. A millionaire might be driving that 20-year-old Honda, and a broke-dee-broke might be driving that new SUV.
Yes, every one seems have way more money than me.
It’s not important whether others have more money or possessions than you. Instead, focus on your own well-being-mentally, physically, and spiritually-and work on enhancing your character in your interactions with others. True wealth comes from personal growth and meaningful relationships, which will bring lasting fulfillment and success in the long run. 😊
I lived to close to the edge when I got my first real job for many years, I think it comes from not having much or you family not buying certain things. I know that's how I was but finally worked up enough to now afford most of it without debt and am going to continue building. My Next car will be paid for in cash or a very large percent down and paid for in a year or two not 5 years and some down.
I have friend she’s stay home mom only her husband work , her family always vacation. last year she went to Newzealand or usually her family go there every year for like 3 month. This year she went to Europe, Asia ( Indonesia “ Bali, Jakarta, Komodo Island “ , Thailand , Korea, Japan . Thailand , Korea and Japan she went twice this year . Also she went vacation locally. Sometimes I feel envy, but now I try not to see social media just try to be grateful.
A lot of people are living on credit. They got the cash and material items but they owe on it including the cash.
I love how the say mint mobile is less expensive and when you do the math is the same as a regular carrier, you have to pay $360 up front plus 30 each month for a line, that is 60 bucks a month ant least. Is the same as the big carriers
I believe you pay that for the year. I have done it and I have a bunch of friends and family who use it and you don’t have to pay twice that’s just paying upfront.
Delayed gratification is a biggest sham. Work hard your whole life, through your prime and health to enjoy maybe 15-20 year of financial freedom in your old age and sickness. Living in the moment is the best thing while you can still enjoy it, take that vacation on a credit card, buy that 911 Turbo, build those memories while you’re still young and healthy.
The covid crash was when I stopped caring what other people do. I thought I was doing average but I seemed the only person who investing alot and made alot in my large circle in a higher cost of living area. Someone I know even mentioned having no cash to invest, another bragged about making 10K. For those who don't know, 10K gains are tiny for how bad the crash was and how quick the recovery was. Put another way, the "rich" people weren't rich. It was actually awkward because I genuinely thought they had money with how they live so I'd ask how they were handling the crash and they were like "I wish I had money!"
I don't understand why I wouldn't want people to have more than me. I am not setting the world on fire but I'm doing OK, so I hope that all my friends are doing at least as good as I am. I don't want to be doing better only because they are doing worse.
The funny part is that a person in Laos making $100 a month is better off than a 1st world nation like America 😂😂😂